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Rachel Reeves to spare PE bosses top UK tax rate in compromise on ‘loophole’

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Rachel Reeves to spare PE bosses top UK tax rate in compromise on ‘loophole’

  • By George Parker and Michael O’Dwyer

Rachel Reeves, the UK chancellor, is not expected to hit private equity bosses with the top 45p tax rate in this month’s Budget, as she looks for a compromise deal to close tax “loopholes” that does not drive investors out of Britain.

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